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Drilling Update

1 Apr 2011 11:47

RNS Number : 1321E
Urals Energy Public Company Limited
01 April 2011
 



1 April 2011

 

 

Urals Energy Public Company Limited

('Urals Energy' or the 'Company')

 

 

 

Drilling Update

 

 

 

Urals Energy, the independent exploration and production company with operations in Russia, today announces that Well #51 on the Petrosakh field has been successfully spudded.

 

As part of the Company's updated drilling strategy to capture the full potential of the Petrosakh field, Well #51 is a large diameter vertical well designed to maximise flow rates.

 

The Directors expect production to begin before the end of May and further announcements will be made at the appropriate time.

 

 

 

 

Enquiries:

 

Urals Energy Public Company Limited

+7 495 795 03 00

Alexei Maximov

Grigory Kazakov

 

Allenby Capital Limited

 

+44 (0)20 3328 5656

Nick Naylor

Alex Price

Pelham Bell Pottinger

+44 (0)20 7861 3232

Mark Antelme

Jenny Renton

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLUASRRAVASRAR
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